# BOJ chief Ueda sees ‘some upside risks’ to inflation

- URL: https://talkfuse.com/story/boj-chief-ueda-sees-some-upside-risks-to-inflation/
- Published: 2026-11-06T17:25:32+00:00
- Updated: 2026-11-06T19:06:21+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/boj-chief-ueda-sees-some-upside-risks-inflation-6532056
- Topics: Business, Economy, World

## Key points

- Ueda sees some upside risks to Japan’s inflation outlook.
- Energy prices may push inflation higher into early next year.
- The BOJ could use unconventional tools after a severe shock.

## Summary

Bank of Japan Governor Kazuo Ueda said underlying inflation is expected to remain around the central bank’s 2 per cent target, while acknowledging some upside risks. Rising energy-related prices are beginning to feed into consumer inflation, which he expects to accelerate further into early next year.

Ueda said wages are growing at a pace consistent with 2 per cent inflation, but the target has not yet become a social norm in Japan. He said the BOJ may use unconventional monetary tools again if a severe economic shock occurs, while weighing their effects on markets. He also pointed to AI’s potential to ease labour shortages and warned that cyber risks at smaller banks and firms could threaten financial stability.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.